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1316 105 St Miami Shores, FL 33138

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For Sale
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8-Unit Waterfront Apartment Building, High ROI

Property size:
9,740 SF

Property Features for 1316 105 St

General Information

Property type
Multifamily properties
Square Feet
9,740 SF
Class
B

Building Details

Buildings
1
Stories
2
Units
8

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Listing Contact
Sam Schwartz
Sam Schwartz

Listing Agent: Sam Schwartz

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 8-unit apartment building in Miami Shores, Florida, presents a compelling investment opportunity. Boasting 9,740 square feet on a 13,750 square foot lot (APN: 11-2232-027-0150), this two-story Class B property offers a current NOI of $162,086 and a pro-forma NOI of $209,709, translating to a 5.15% cap rate and a pro-forma cap rate of 6.66%. The asking price is $3,150,000, resulting in a price per square foot of $323.41. Each of the eight units features modern amenities including stainless steel appliances, granite countertops, full kitchens, and a mix of travertine and hardwood flooring. The property benefits from ample parking and a recently redesigned landscape for low maintenance. Safety features include hurricane shutters and impact-resistant doors. Situated in a desirable A-1 zoned location just off Biscayne Boulevard, this renovated building underwent its 60-year recertification in 2023, ensuring long-term compliance. This waterfront property offers consistent rental income and significant potential for future growth in a prestigious Miami Shores neighborhood. The property's prime location and updated features make it an attractive investment for discerning buyers seeking a stable and high-return asset.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Miami Shores
County
Miami-Dade
State
Florida
Longitude
-80.1705709
Latitude
25.8717915

FAQs

What type of property is this?
Multifamily property - 8-Unit Waterfront Apartment Building, High ROI
Where is this multifamily property located?
The property is located at 1316 105 St Miami Shores, FL.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Prime waterfront location.; Ample parking.; Generous unit sizes.
(230) 232-3232 Call to check price and availability
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